iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation


Decide to close off my SLV position. It has rise up a lot in a fairly short timeframe and I think it is best to take some money off the table.

At this moment, there is nothing on the Ichimoku chart that is suggesting that the trend will change.

The leading kumo seems to be tapering off and suggest consolidation.


Watching SMH and KBE

As previously mentioned, there is a possibility that SPX and RUT may rebound.

For other signs that this rebound will last, I will also watch out for the following 2 ETF (the SMH and KBE)

The KBE is an ETF that tracks the KBW Bank Index while the SMH tracks Semicon companies.

Both ETFs are important and provide insights to the overall economy. After all, will there be a recovery if the banks and semi-conductors companies are not performing well?

2009Nov-Merrill Lynch Semiconductor HOLDRS-800x6002009Nov-SPDR Kbw Bank-800x600